Try out the editor features.
Instead of the platform owning all data, Web3 lets users own all data.
Instead of locking in users and keeping their data on the platform, Web3 builds open platforms that share value with users directly.
User data is portable – since it is stored on the public block chain, users can take the data with them to new platforms whenever they want. Because of this feature, platform get an easier time to “cold start” by letting user import their data directly from the blockchain.
Less cost to build user trust on Web3 platforms.
artist’s limited edition work can be verified on the chain
smart contracts become the binding way for software operations and rules.
Example usage in charity: donors can be sure that the money they donated are indeed transferred to the charity of the organization that the campaign agreed on.
Ownership of digital assets fosters a sense of psychological ownership that can make consumers feel so invested in a product that it becomes almost an extension of themselves.
Many of the Web3 experiences today were designed for tech-savvy power users, whereas ordinary users might have only a limited understanding of what an app or platform can actually do, much less be able to vet source code to verify that it functions as described. There’s a long way to go before Web3 technology is safe and accessible to the average consumer.
Twitter profiles page lets users show NFT they own; Instagram is working on a similar feature.
Transfer money from Robinhood to Metamask